7764 Micawber Rd NE · Howland Center, OH 44484

$189,900

3 bd · 1.5 ba · 1,758 sqft · SingleFamily public records · 11 Days on market

Built 1979 0.47 ac lot Est $237k · 20% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.2/10.0
• Schools +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss out on this find! This home has so much to offer! The house located in Warren with Holland Schools is in a nice quiet neighborhood. The sellers are not willing to make any repairs. With new paint, floors, and a bit of updating you will have your dream home! This 3 bed, 2.5 bath home also has a beautiful family room with a gorgeous fireplace with blower that will heat the entire home. All appliances stay. Roof less than 5yrs old gutters only 2 yrs. old, refrigerator 1yr old.

Key facts

• 0.47 acre lot
• 2 garage spots
• Built 1979

Property features AI

Exterior

• Parking: Attached garage; Garage (2 spaces); Paved parking
• Utilities: Public water; Public sewer
• Home design: Two-story home; Home warranty included
• Construction: Aluminum siding; Asphalt/fiberglass roof; Block foundation; Built (year source: public records)
• Exterior features: Irregular lot

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom; 2 bathrooms on the main level
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Cap rate 8.8% vs local median 3.9% in Howland Center — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#207 in OH, #3,283 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Howland Local (suburban): math 59% / reading 65% proficiency, ranked #260 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mines Elementary School (math 67% / reading 58%, grade B, #580 of 1,584 statewide, top 37%, 330 students, 41% FRL); Howland Middle School (math 56% / reading 66%, grade B+, #252 of 654 statewide, top 39%, 766 students, 38% FRL); Howland High School (math 58% / reading 74%, grade B, #155 of 781 statewide, top 20%, 742 students, 38% FRL).
• Market conditions: 90 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Trumbull County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $124k; list at $190k implies a 53% gain — meaningful room to come down on a strong offer.

Recommended offer $189,900

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.08%
• DSCR: 1.40
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $237,330
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7797 Raglan Dr	0.07mi	3/2.5	1,758 (0%)	8mo	$237,000	$135	85
1495 Castillion Dr NE	0.15mi	3/2.0	1,620 (-8%)	14mo	$255,000	$157	66
7770 Castle Rock Dr NE	0.31mi	3/2.0	1,669 (-5%)	14mo	$195,000	$117	63
7915 Brookwood St NE	0.38mi	4/2.0 (+1)	1,628 (-7%)	2mo	$240,000	$147	62
8094 Castle Rock Dr NE	0.42mi	4/2.0 (+1)	1,783 (+1%)	12mo	$249,000	$140	61
8080 Glen Oaks	0.47mi	4/2.5 (+1)	1,792 (+2%)	10mo	$186,000	$104	58
1358 Cranbrook Dr NE	0.58mi	3/2.0	1,714 (-2%)	14mo	$263,000	$153	55
7814 Sutton Pl NE	0.22mi	3/2.0	1,520 (-14%)	13mo	$232,000	$153	54
7751 Castle Rock Dr NE	0.32mi	3/1.0	1,508 (-14%)	8mo	$165,000	$109	53
8077 Glen Oaks Dr NE	0.45mi	3/2.0	1,892 (+8%)	14mo	$250,000	$132	53
8001 Cherry Hl	0.50mi	4/1.5 (+1)	1,632 (-7%)	11mo	$177,000	$108	51
7985 Venice Heights Dr NE	0.60mi	4/2.0 (+1)	1,800 (+2%)	14mo	$185,000	$103	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-5,127
• Equity at exit: $28,315

10-year hold

• IRR: 7.1%
• Equity multiple: 1.54×
• Total profit: $28,593
• Equity at exit: $16,419

Cash invested: $53,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44484

• Home prices YoY: -17.5%
• Active inventory: 90
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,130 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$205 /mo · $2,466/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $402

Break-even live

Break-even rent $1,621

Max offer price $189,900

Occupancy floor 76%

Sensitivity live

Price	-10% $510	-5% $456	+0% $402	+5% $349	+10% $295
Rent	-10% $234	-5% $318	+0% $402	+5% $487	+10% $571
Rate	-1.0pp $498	-0.5pp $451	base $402	+0.5pp $353	+1.0pp $303

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 Pegotty Ct NE Warren, OH	3.0	2.5	1820	$2,300	$1.26	15d	1	0.27mi
1826 Cranberry Ln NE Warren, OH	2.0–3.0	1.5	1389	$1,160	$0.83	15d	1	1.24mi

Listing history 9 events

1. 2026-06-22
   days on market $189,900 Active 11 DOM
2. 2026-06-19
   days on market $189,900 Active 9 DOM
3. 2026-06-18
   days on market $189,900 Active 8 DOM
4. 2026-06-17
   days on market $189,900 Active 7 DOM
5. 2026-06-16
   days on market $189,900 Active 6 DOM
6. 2026-06-15
   days on market $189,900 Active 5 DOM
7. 2026-06-14
   days on market $189,900 Active 3 DOM
8. 2026-06-13
   remarks 439-char remark
9. 2026-06-13
   listed $189,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,466 · $205/mo
• Projected year-2 tax: $2,714 · $226/mo
• Expected delta: +$248/yr (+$21/mo · 10.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,563
• − Mortgage interest: −$10,637
• − Property taxes: −$2,466
• − Insurance: −$950
• − Repairs & maintenance: −$2,045
• − Management: −$2,045
• − Depreciation: −$5,524
• Taxable income: $1,896
• Est. tax owed @ 24.0%: −$455
• After-tax cash flow: $4,374/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Howland Local
• NCES district ID: 3905016
• Math proficiency: 59% ▼ -17.00%
• Reading proficiency: 65% ▼ -13.00%
• Median HH income: $49,022
• Composite: 52.63/100
• National rank: #1556
• State rank: #260 of 656 in OH

Livability — Howland Center

• Score: 76/100
• State rank: #207
• US rank: #3283

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment B Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Howland Center, OH
• County: Trumbull · 193,293 people
• City population: 21,634
• Metro: Youngstown-Warren, OH
• Population (ZIP): 21,634
• Household income: $65,435
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 6.7

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 8% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · China, Canada
• Languages at home: 96% English-only · Other Indo-European 2% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.24%
• Current HPI: 217.6603
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+208.8% since first listed

9 events — show timeline

• 2026-06-10 Listed $189,900 MLSNOW
• 2022-06-06 Sold (Public Records) $124,000 Public Records
• 2022-06-03 Pending — MLSNOW
• 2022-06-03 Sold (MLS) $124,000 MLSNOW
• 2022-05-02 Contingent — MLSNOW
• 2022-04-21 Price Changed $135,900 MLSNOW
• 2022-04-04 Listed $142,900 MLSNOW
• 1993-11-29 Sold (Public Records) $77,000 Public Records
• 1985-12-24 Sold (Public Records) $61,500 Public Records

Property tax history

+2.6%/yr

Latest (2025): $2,466 · +0.6% YoY. Source: county tax records.